Tech-Fund Play:
Spot the Trends

Waddell & Reed Science
Is Betting on Health Care

Zachary Shafran, portfolio manager of the $2 billion Waddell & Reed Science & Technology Fund, hasn't had it easy since taking over the fund in February 2001.

Like others with similar focus, the fund has had a difficult year, losing some 27% so far in 2002. The science and tech fund has underperformed Standard & Poor's 500-stock Index by some 4.5 percentage points but outperformed its peer-group category by almost nine...